NasdaqGS:MLKNCommercial Services
MillerKnoll (MLKN) Is Down 15.6% After Cautious Guidance Amid Higher Shipping Costs and Mideast Disruptions
MillerKnoll, Inc. recently reported fiscal third-quarter 2026 results, with sales rising to US$926.6 million and net income improving to US$23.5 million, but revenue and earnings per share came in slightly below analyst expectations and management issued cautious guidance for the current quarter.
Despite posting higher year-over-year sales and margin improvements, the company warned that higher fuel and logistics costs and minimal shipments to the Middle East due to conflict are expected to...